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Sun, Mar 23, 2008

Aero-News: Quote Of The Day (03.23.08)

Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"I can say unequivocally that Florida Department of Revenue has assessed 6% use tax to a NON-FLORIDA resident, visiting Florida for SIMCOM training shortly after purchase the aircraft."

Source: Daniel Cheung, a CPA and Member of Aviation Tax Consultants, LLC, one of the nation's most experienced and highly regarded aviation tax consulting firms. Cheung contacted ANN to support our concerns about possible risks to visiting non-resident aircraft (of less than six month's ownership) from the FL Use tax issues we have been writing about for well over a year.

FMI: www.aviationtaxconsultants.com

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